Expectations are growing that France is set to remove the right to retire at 60, as it embarks on a contentious reform of its debt-laden pension system and brings public finances back into line.
Christian Estrosi, industry minister, said on Sunday the government was “leaning towards an increase in the [retirement] age” in its talks with unions and employers’ federations, despite denials from cabinet ministers over the weekend of a decision being taken.
Although there has been much speculation that France’s legal retirement age of 60 ”“ one of the lowest in Europe ”“ would be abandoned, Mr Estrosi’s comments on national radio are the clearest statement yet of government intentions.
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FT–France poised to raise retirement age
Expectations are growing that France is set to remove the right to retire at 60, as it embarks on a contentious reform of its debt-laden pension system and brings public finances back into line.
Christian Estrosi, industry minister, said on Sunday the government was “leaning towards an increase in the [retirement] age” in its talks with unions and employers’ federations, despite denials from cabinet ministers over the weekend of a decision being taken.
Although there has been much speculation that France’s legal retirement age of 60 ”“ one of the lowest in Europe ”“ would be abandoned, Mr Estrosi’s comments on national radio are the clearest statement yet of government intentions.
Read it all (requires subscription).